Form fill seal (FFS) technology company Hayssen Flexible Systems has acquired Italian flow-wrapping machine manufacturer Schib Packaging for an undisclosed amount.
The additional capabilities, secured through the transaction, will allow the company to bolster its position in the global flexible packaging market.
Hayssen Flexible Systems uses high-speed flexible VFFS and HFFS packaging systems for filling and bagging food and other products.
Hayssen Flexible Systems president Mike May said: "The addition of Schib Packaging increases Hayssen Flexible Systems’ range of packaging machinery solutions to better support global customer needs now and in the future.
"By leveraging the combined experience and knowledge of our teams, we are confident the Schib product line will immediately impact our global footprint in the wrapper marketplace as we continue to build lasting relationships providing trusted flexible packaging solutions."
Founded in 1968, Schib Packaging offers packaging solutions for diverse industries, from food sectors, such as candy, biscuit and bakery, to non-food sectors, including personal care, household items and industrial components.
Schib’s wrapping machines are currently being used by thousands of customers in more than 40 countries.
Schib Packaging former owner Tecla Schizzarotto said: "We are excited to join Hayssen Flexible Systems.
"We now have a greater capability to support customers as a substantial global packaging systems partner with a broad platform of machinery solutions and an expanded network of sales and service team members."